Cabaret cards, music royalty structures, sales quotas, and an American Federation of Musicians strike all started with good intentions but brought with them unintended consequences that transformed their industries that weren’t always positive. However, with proper planning and foresight, policy makers can foresee and prevent unintended consequences.
Read MoreAs the story goes, in colonial India, the British governor was concerned about the number of wild cobras so he incentivized the population to hunt cobras by having the government pay a bounty for cobra skins. The plan seemed to work fabulously; the government had thousands of cobra skins, and there appeared to be a reduction in wild cobras, so it seemed time to end the bounty program and declare victory.
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